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Reaves Utility Income Fund
UTG

73 hedge funds and large institutions have $84.8M invested in Reaves Utility Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

6% more funds holding

Funds holding: 69 → 73 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.85% less ownership

Funds ownership: 8.89% → 8.04% (-0.85%)

9% less capital invested

Capital invested by funds: $93.1M → $84.8M (-$8.29M)

Holders
73
Holders Change
+4
Holders Change %
+5.8%
% of All Funds
1.82%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
20
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$1.44M
2
Morgan Stanley
Morgan Stanley
New York
+$904K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$309K
4
DC
Davenport & Co
Virginia
+$302K
5
AAM
Advisors Asset Management
Colorado
+$293K

Top Sellers

1
Citigroup
Citigroup
New York
-$3.68M
2
JHIU
Janus Henderson Investors US
Colorado
-$3.05M
3
CRC
Curi RMB Capital
Illinois
-$2.99M
4
DA
Doliver Advisors
Texas
-$1.15M
5
YCM
Yakira Capital Management
Connecticut
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
51
Evercore Wealth Management
New York
$61K – – –
JIC
52
Joel Isaacson & Co
New York
$61K – – –
SIAP
53
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$52K +$50.4K +1,694 New
IA
54
IFP Advisors
Florida
$43K -$8.54K -287 -17%
LWM
55
LBA Wealth Management
Florida
$37K – – –
SEI Investments
56
SEI Investments
Pennsylvania
$37K – – –
OC
57
Oakworth Capital
Alabama
$33K – – –
PFBT
58
Parkside Financial Bank & Trust
Missouri
$30K -$38.7K -1,302 -57%
CFA
59
Carroll Financial Associates
North Carolina
$27K – – –
SNT
60
Security National Trust
West Virginia
$25K – – –
TCM
61
Trent Capital Management
North Carolina
$20K +$19.4K +653 New
HCM
62
Highlander Capital Management
New Jersey
$19K – – –
FMII
63
Farmers & Merchants Investments Inc
Nebraska
$15K – – –
GWM
64
Geneos Wealth Management
Colorado
$15K – – –
GT
65
Glenmede Trust
Pennsylvania
$15K – – –
Fifth Third Bancorp
66
Fifth Third Bancorp
Ohio
$12K – – –
CFN
67
Cordasco Financial Network
Florida
$11K – – –
PSUF
68
People's United Financial
Connecticut
$5K – – –
SFG
69
SevenBridge Financial Group
Pennsylvania
$5K +$5K +168 New
PFS
70
Physicians Financial Services
North Carolina
$3K – – –
US Bancorp
71
US Bancorp
Minnesota
$3K +$1.58K +53 +120%
RFM
72
Royal Fund Management
Florida
$3K +$2.97K +100 New
JHIU
73
Janus Henderson Investors US
Colorado
– -$3.05M -99,903 Closed
CRC
74
Curi RMB Capital
Illinois
– -$2.99M -97,940 Closed
DA
75
Doliver Advisors
Texas
– -$1.15M -37,636 Closed
1 2
3
4

UTG Hedge Fund Activity: Q4 2016 in Review

73 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2016, worth a combined $84.8M — down 8.9% from $93.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 6 closed out — a net gain of 5 holders — while 20 added to existing stakes and 17 trimmed.

The largest buyer was Bank of America, adding an estimated $1.44M. The largest seller was Citigroup, cutting an estimated $3.68M.

  • 73 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2016, up from 69 in Q3 2016.
  • Funds reported $84.8M of Reaves Utility Income Fund stock for Q4 2016, down 8.9% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.44M added.
  • The largest Reaves Utility Income Fund seller in Q4 2016 was Citigroup, an estimated $3.68M sold.

Based on aggregated 13F filings for Q4 2016.